Value Beyond Cost Savings - Green Building Finance Consortium

Appendix FSustainable Property Financial Analysis AlternativesAnalysis/Model Description/Commentary Key Links/Examplesand OGIP (Switzerland). For a detailed description ofapproaches for an ‘integrated life-cycle analysis’, see Kohlerand Lützkendorf (2002). The software BEES, a buildingmaterials selection tool developed by the US Government’sNational Institute of Standards and Technology (NIST), allowsmeasuring environmental and cost performance of singlebuilding products. One major problem, however, associatedwith combined or/and mere LCA-based assessmentapproaches is the lack of standardization in terms of scope,definition of performance indicators and weighting of differentenvironmental aspects (Todd et al., 2001). While currentassessment schemes take the issue of occupant health intoconsideration, there is less focus on occupant satisfaction,functional fit and productivity. They do not provide informationon what kind of building solutions work besting practice andwhy. This is the goal of POE.”10. Post OccupancyEvaluation (POE)Post-Occupancy Evaluation (POE) is the general term for abroad range of activities aimed at understanding how buildingsperform once they are built and how satisfied building usersare with the environment that has been created. There is noindustry-accepted definition of POE and there are manydifferent terms in use, such as environmental design audits,building-in-use evaluations, post-occupancy assessment,facility assessment and building performance evaluations.[“A Market-Friendly Post-Occupancy Evaluation: BuildingPerformance Report,” New Buildings Institute, David Hewitt etal., March 17, 2005.]Thomas Lützkendorf and David Lorenz also discussed POEsin their paper: “Sustainable property investment: valuingsustainable buildings through property performanceassessment” published in Building Research & Information(2005) p:“POE can be characterized (at least in theory) as follows:• design aid: as a means of improving buildingprocurement, particularly through ‘feed-forward’ intobriefingFor a sample POE, see “A Market-Friendly Post-Occupancy Evaluation:Building Performance Report,” New Buildings Institute, David Hewitt etal. March 17, 2005:http://www.newbuildings.org/downloads/papers/FinalReport-BPR_ContractC10091_.pdfASHRAE has been working on Performance Measurement Protocolsfor Commercial Buildings, which provide some structure for POEs.http://www.greenbuildingfc.com/Home/DocumentDetails.aspx?id=1101The New Building Institute has addressed this issue with their: A MarketFriendly Post Occupancy Evaluation.http://www.greenbuildingfc.com/Home/DocumentDetails.aspx?id=957228